Investment bank Morgan Joseph TriArtisan served as a financial advisor to Andina Acquisition in its approximately $274 million merger with Tecnoglass. Following the closing of the transaction, Andina’s name was changed to Tecnoglass. Based in Columbia, Tecnoglass is a maker of architectural glass windows and aluminum products.
NEW YORK–(BUSINESS WIRE)–The investment banking firm of Morgan Joseph TriArtisan LLC acted as a financial advisor to Andina Acquisition Corporation (NASDAQ:ANDA; ANDAW) in its merger with privately-owned Tecnoglass, Inc. The transaction is valued at approximately $274 million.
Following consummation of the merger, Andina’s name has been changed to Tecnoglass, Inc., and the Company’s ordinary and warrants now trade on the NASDAQ Capital Market under the symbols TGLS and TGSLW, respectively.
Based in Barranquilla, Colombia, Tecnoglass manufactures and sells hi-spec, architectural glass windows, and associated aluminum products to more than 300 customers in North, Central and South America.
About Morgan Joseph TriArtisan LLC
Morgan Joseph TriArtisan LLC (www.mjta.com) is an investment and merchant bank engaged in providing financial advice, capital raising and private equity investing. The firm’s services include merger and acquisition advisory and private placements and public offerings of equity and debt.
Tecnoglass is a leading manufacturer of hi-spec, architectural glass and windows for the global residential and commercial construction industries. Headquartered in Barranquilla, Colombia, Tecnoglass operates out of a 1.2 million square foot vertically-integrated, state-of-the-art manufacturing complex that provides easy access to the Americas, the Caribbean, and the Pacific. Tecnoglass sells to more than 300 customers in North, Central and South America, and exports approximately 43% of its production to foreign countries, with the United States accounting for approximately 30% of Company revenues in 2012. Tecnoglass’s tailored, high-end products are found on some of the world’s most distinctive properties, including the El Dorado Airport (Bogota), Imbanaco Medical Center (Cali), Trump Plaza (Panama), Trump Tower (Miami), and The Woodlands (Houston).